Our pivot point is at 0.1652.
Our preference: the upside prevails as long as 0.1652 is support.
Alternative scenario: the downside breakout of 0.1652 would call for 0.1599 and 0.1567.
Comment: the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 0.1662 and 0.1634).
Supports and resistances:
0.1869 **
0.1837 *
0.1805 **
0.1773
0.1696 last
0.1673
0.1652 **
0.1599 *
0.1567 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 05-25-2024 at 22:21 UTC+1
Price reference: 0.1696 last known on 05-25-2024 at 22:21 UTC+1
Investment horizon: INTRADAY
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